Report suggests Russian economy will not return to pre-war levels until 2030
Scope Ratings has predicted that the Russian economy will not return to pre-war levels until 2030, with Russia's GDP expected to fall 8% from 2021 levels.
Dutch students create carbon-eating electric vehicle
Dutch students created a carbon-eating electric vehicle called ZEM. The EV is mostly made of parts that were 3D-printed from recycled plastics.
Biden administration unveils plan to invest more than $2 billion into US biotechnology sector
The Biden administration unveiled its plan to invest more than $2 billion into the U.S. biotechnology sector directly ahead of a government-led summit on the emerging industry.
DuckDuckGo, Mozilla and others support bill to reign in Big Tech's power
Giant tech companies like Alphabet's Google and Meta's Facebook may be facing further regulation if a bill brought forward by Sen. Amy Klobuchar is passed.
Google to face $25.4 billion in damages by UK and Dutch courts over adtech practices
Google will be facing lawsuits with damages of more than $25.4 billion brought on by British and Dutch courts for its alleged unfair advertising practices.
Uber pays $100 million in back unemployment taxes for misrepresenting drivers' employment status
Uber released a statement on Monday stating that they have paid $100 million in back unemployment taxes to NJ after the state decided drivers are employees, not independent contractors.
Argentina raises financing rates for soybean farmers who hoard stock
Argentina will start increasing interest rates for soybean farmers who hold onto more than 5% of their production in an effort to raise dwindling foreign currency reserves.
Brazil suspends Apple from selling iPhones without charger
The Brazilian government has declared that Apple can no longer sell iPhones without chargers in the country, considering the phone without the charger is an incomplete item.
Bayer agrees to pay $40 million to settle whistleblower claims over 3 prescription drugs
Bayer AG has agreed to pay a $40 million settlement stemming from two whistleblower lawsuits filed in 2005 and 2006 over the company's alleged use of kickbacks and false statements.
Yellen to embark on speaking tour lauding Biden's economic agenda
Janet Yellen, U.S. treasury secretary, will begin her speaking tour on Sept. 8 where she will speak on President Joe Biden's recent legislative accomplishments and economic plans.
China approves Livzon Pharmaceutical's COVID vaccine as a booster
With COVID cases on the rise in China, the government has approved Livzon Pharmaceutical's COVID-19 vaccine as a booster, in hopes of having as many people boosted as possible.
India set to release newly developed cervical cancer vaccine soon
The Serum Institute of India (SII) has recently announced that they have successfully developed the world's first cervical cancer vaccine, which will soon hit shelves soon.
Amazon releases new seller storage service, Amazon Warehousing & Distribution
Amazon.com has begun offering a new seller storage service this week called Amazon Warehousing & Distribution (AWD) where sellers will be able to send inventory to any location.
South Korea says US pledged to review EV subsidies included in Inflation Reduction Act
The U.S. has pledged to review EV subsidies included in the Inflation Reduction Act after South Korea raised concerns over the potential impact on its domestic manufacturing.
Floods and other water-related disastors threaten to cost the global economy $5.6 trillion by 2050
Economists are projecting that floods and other water-related disasters could cost the global economy $5.6 trillion by 2050, as floods and droughts wreak havoc across the globe.
China's Sinopec Corp begins first carbon capture, plans on building 2 more by 2025
Chinese energy company, Sinopec Corporation, recently built the largest carbon capture center in China, and plans on building two more by 2025.
Singapore loosens work visa rules in bid to attract more foreign talent
Singapore announced on Monday that it will be loosening work visa rules in order to attract more foreign talent and bounce back from the COVID pandemic.
Taliban closes in on gasoline deal with Russia
The Taliban administration in Afghanistan is working on a deal with Russia to purchase gasoline and benzene amid a global economic downturn.
China exerting more pressure on foreign companies than usual, study finds
According to a new study from a think tank for China studies, China has been exerting more force on foreign companies, pressuring them to fall in line with their political agenda.
Brazil sees inflation cool as tax cuts bring down transportation costs
Brazil finally sees consumer prices fall this month as transportation and energy costs came down thanks to tax cuts. Some of these relief measures are set to expire in 2023.